Homestreet Bank - Banking, Credit Cards, Home Loans & Auto Loans

HomeStreet Bank - Banking, Credit Cards, Home Loans & Auto Loans

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Individual Retirement Account (IRA) CD

Retire with more. Add to your retirement savings easily with the option to make deposits whenever you want.

Perks:

  • Competitive interest rates guaranteed for the term of your CD1
  • Additional deposits of at least $100 allowed at any time4
  • Tax advantages of a traditional or Roth IRA

Features:

  • Convenient automatic renewal at maturity3
  • Ten calendar day grace period after the maturity date to change the length of the term or withdraw funds without being charged a penalty
  • Security of FDIC insurance
  • Manage your accounts 24/7 from virtually anywhere, with free online and mobile banking

Account opening and maintenance:

  • Flexible terms from 30 days to 60 months
  • $500 minimum opening deposit
  • No monthly service fee
  • No additional charge for paper or electronic statements
  • A penalty may be imposed if any amount of principal is withdrawn prior to the maturity date, based on the term of the CD2
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Other Accounts:
Custom CD
Set Your Own Goal CD
Home Purchase CD
Custom CD | HomeStreet Bank

Custom CD Perks:

  • Competitive interest rates guaranteed for the term of your CD
  • Flexible terms from 30 days to 60 months
  • Security of FDIC insurance
Custom CD | HomeStreet Bank
Set Your Own Goal CD | HomeStreet Bank

Set Your Own Goal CD Perks:

  • Establish your own savings goal
  • Low minimum opening deposit of $100
  • Funds may be withdrawn without penalty upon attaining your savings goal
  • Additional deposits of at least $25 allowed at any time
Set Your Own Goal CD | HomeStreet Bank
Home Purchase CD | HomeStreet Bank

Home Purchase CD Perks:

  • Establish your own savings goal
  • Start saving today with as little as $100
  • No-penalty withdrawal for your home purchase
  • Additional deposits of at least $25 allowed at any time
Home Purchase CD | HomeStreet Bank

Disclosures:

1. Interest Rate and Earnings Information 

The interest rate for your account will be paid until the maturity date of your certificate. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Your interest rate and annual percentage yield are listed on your certificate of deposit. Interest will be credited to your account monthly. If you authorize us to withdraw or transfer interest to another account, your interest will not compound. Interest begins to accrue on the business day your deposit posts to the account. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest will not be paid if the account balance is below the minimum opening deposit.

2. Penalty for Early Withdrawal

If you withdraw any amount of principal before the maturity date, we may impose a simple interest penalty on the amount withdrawn, at the current interest rate being paid on the account. A withdrawal which reduces the account balance below the minimum balance requirement may be considered a withdrawal of the entire account balance and shall be subject to penalty on the entire amount. If your account has not earned enough interest, or if interest has been paid, we will take the difference from the principal amount of the account. A penalty will not be imposed for withdrawals following the death or adjudicated incompetence of any account holder. For certificates that consist of IRA deposits: Principal withdrawals exempt from penalty are those that are reported to the Internal Revenue Service as required minimum retirement distributions in accordance with applicable IRA regulations. Principal withdrawals above the required minimum distributions each year are subject to the bank’s early withdrawal penalties.

3. Automatic Renewal

Account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw your funds without a penalty. The interest rate and annual percentage yield for any renewal term will be at the current interest rate we are paying at renewal.

4. Additions to Principal

Additions do not extend the maturity date or change the interest rate being paid on the account. All additions become part of the principal balance and are subject to penalty if withdrawn before the maturity date.

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Find a HomeStreet Branch | HomeStreet Bank

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